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Net Earnings Per Share (Tables)
9 Months Ended
May 31, 2023
Earnings Per Share [Abstract]  
Schedule of Computation of Basic and Diluted Net Earnings Per Share

The following table shows the computation of basic and diluted net earnings per share for the three and nine months ended May 31, 2023 and 2022:

 

 

Three months ended

 

 

Nine months ended

 

($ and shares in thousands, except per share amounts)

 

May 31,
2023

 

 

May 31,
2022

 

 

May 31,
2023

 

 

May 31,
2022

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net earnings

 

$

16,881

 

 

$

25,073

 

 

$

53,150

 

 

$

47,540

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares outstanding

 

 

11,008

 

 

 

10,978

 

 

 

11,001

 

 

 

10,960

 

Diluted effect of stock awards

 

 

44

 

 

 

43

 

 

 

62

 

 

 

60

 

Weighted average shares outstanding assuming
   dilution

 

 

11,052

 

 

 

11,021

 

 

 

11,063

 

 

 

11,020

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic net earnings per share

 

$

1.53

 

 

$

2.28

 

 

$

4.83

 

 

$

4.34

 

Diluted net earnings per share

 

$

1.53

 

 

$

2.28

 

 

$

4.80

 

 

$

4.31